South Africa (Real GDP, yoy %)
201920202021
Consensus (median)1.71.91.8
High estimate2.52.61.8
Low estimate1.21.11.8
Standard Deviation0.30.30
Count of Estimates36281
[Negative]

In spite of installation of Cyril Ramaphosa as the new president and following increasing confidence from the international community and investors, I don't have positive outlook for the South African economy. Tighter fiscal policy and a rise of taxes to keep debt under control and prevent additional credit downgrades, will impede efforts to boost growth. Also structural constraints such as skills shortages and inefficient state-owned companies will continue to weaken economic activity, as well as negative external balance will affect the economic growth in the mid-term.